Lone Star in EUR1bln German property deal

The German government has completed its largest privatisation since the start of the financial crisis, selling a €1.1bn portfolio of offices, shops and warehouses to Lone Star, the US private equity fund.
The sale of TLG, set up to manage government-owned real estate in the wake of Germany’s 1990 unification, underlines the depth of investor interest in the German property market at a time of rising prices and rent increases in many cities………………………………………..Full Article: Source